P&CGeorgiamedium
Under O.C.G.A. § 33-24-7, a statement in a Georgia property and casualty insurance application is deemed to be which of the following?
AA warranty, the breach of which voids the policy regardless of materiality
BAn estoppel, binding the insurer to the applicant's interpretation
CA condition subsequent, voiding the policy only after notice and cure
A representation, which defeats recovery only on § 33-24-7 grounds
Why this is the answer
O.C.G.A. § 33-24-7 provides that statements and descriptions in an insurance application or related negotiations are deemed representations, not warranties. This means a misstatement defeats recovery only if it meets the materiality, fraud, or good-faith standard of § 33-24-7, rather than automatically voiding the policy as a warranty breach would. The statute strongly favors insureds and rejects the common-law rule that any factual deviation breached a warranty.
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